Mortgage Post Closing Support Services

Get access to error-free mortgage services and streamline your post-closing processes by choosing our team's superior quality services at highly affordable prices

Mortgage Outsourcing Benefits

Are you looking for ways to streamline your mortgage post-closing processes in an error-free manner? Are you on the lookout for skilled resources who can take care of all your mortgage requirements without burning a hole in your pocket? Then, the best option for you would be to outsource mortgage post-closing support services to an experienced and skilled service provider.

Flatworld Solutions is one such mortgage post-closing support service provider that can cater to all your needs. We have some of the most qualified and certified mortgage post-closing support experts who leverage the latest tools and software and provide clients with customized services.

Mortgage Post-Closing Support Services We Offer

Flatworld Solutions has been a pioneer in providing the best quality services to clients around the globe for over 18 years. We have the required skills to understand each client's unique business needs and provide them with customized services. Some of the key end-to-end services we offer include -

1. Post-close QC Audit Support Services

   

   As a trusted mortgage quality control company, FWS provides low-cost back-end mortgage support allowing you to easily direct clear loan documents to your escrow service. We focus on auditing mortgages, HMDA, and all other applicable legal documents while ensuring that the highest standards are maintained to ensure the maximum level of compliance. If you choose us to outsource post-close quality control services, we can redirect fully signed checkout documents between origination in a short period. Simultaneously, we can perform quality checks to find out the gaps in the document.

2. Trailing Document Retrieval/ Document Tracking

   

   This critical aspect of mortgage post-closing starts immediately after loan closure and includes trailing important documents such as mortgage or trust deeds, tax records, assignments, modifications, mechanic's liens, assumption agreements, and Uniform Commercial Code (UCC) records, judgments, etc. It is only after the completion of this procedure that assignment, lien release, and issuance of the final title policy are termed complete. We take on this tedious and time-consuming task and complete it well within the stipulated time frame.

3. Assembling the Post-closing Loan Package

   

   The post-closing loan package inclusive of the Note, the Trust Deed with Riders, and Final HUD1 with signatures and necessary addendums, etc., is completed after successful loan closure. We help in assembling the post-closing loan package by first compiling all documents submitted during the loan process and then working in tandem with the brokers and title companies to review and put together the final post-closing package.

4. Post-Closing Data Integrity Audit

   

   A post-closing data integrity audit is conducted to consider any loan deficiencies that may have occurred during the loan process. We guarantee total data integrity by the meticulous verification of various tasks such as owner-occupancy authentication, addressing underwriter red flags, etc. We work with brokers and title companies to ensure the efficient completion of this vital step.

5. MERS

   

   MERS (Mortgage Electronic Registration System) operates an electronic registry designed to track servicing rights and ownership of mortgage loans. We register all approved loans with MERS as part of our post-closing support process.

   • MERS as Original Mortgagee (MOM) - Registering as MOM inoculates loans against future assignments and allows MERS to remain as the mortgagee irrespective of servicing being traded multiple times. MOM is approved by most rating agencies on Wall Street including Fannie Mae, Freddie Mac, Ginnie Mae, etc., and gives lenders a wide range of benefits including faster execution, reduced shipping time, zero documentation errors, and simplified closing processes. It also helps in bringing down costs by reducing correction and tracking costs, document penalties, etc.
   • MERS by Assignment (Non-MOM Loans) - Non-MOM loans can be registered by assigning loans that have already been closed in the lender's name. This allows all future transfers to be done electronically. Registering with non-MERS also enables lenders to become compliant with the requirements of trading partners and further eliminates the need for additional assignments unless servicing rights are transferred to non-MERS members
   • MERS iRegistration - We also provide MERS iRegistration assistance to companies interested in getting fraud and loan tracking services at a discounted price without recording MOM in county land records. MERS iRegistration prevents fraudulent activities through the verification of the borrower's declaration of property and by accurate completion of property preservation information

6. Mortgage Quality Control Audit

   

   We provide Mortgage Quality Control Audit support. We use third-party tools and software to perform quality audits for all loan types including Fannie Mae, Freddie Mac, FHLB, VA, and Lender-specific loans.

   We provide quality control audits for Prefunding, Post-Closing, Compliance, Servicing, Cancel/ Reject, Foreclosure/ EPD Loans, QC Plan Preparation, Commercial Loan audit, Fraud Investigation, and Repurchase Loans. We also specialize in leveraging standard audit processes such as Underwriting Evaluation, File Document Review, Third-party re-verification, Credit Risk Analysis, etc.

   We also make use of customized audit processes and post-closing audit sampling tailored to meet any specific information that is provided by our client. This is inclusive of all types of mortgage loan files such as conforming and non-conforming loans, sub-prime, subordinate lien, and reverse annuity loans, among others.

   Our mortgage quality control audit support services provide you with the following benefits -

   • Easy-to-read customized reports
   • Interactive dashboards presenting vital information
   • Cost-effective third-party reviews
   • Fair and unbiased results
   • Accurate graphical and statistical analysis
   • Guaranteed security and confidentiality of loan files and information

7. Tax, Insurance and Reserve Audits

   

   Tax, Insurance, and Reserve Audits are completed upon closure of your mortgage loan. This process is accomplished by checking whether all tax obligations have been fulfilled and identifying problem areas if any. All policy documents (including the title insurance policy) are reviewed for discrepancies or errors that may have crept in. We also check for inadequacies by reviewing the reserves.

Other Services You Can Benefit From

Why Outsource Mortgage Post-closing Support Services to FWS?

Outsourcing mortgage post-closing support services to Flatworld Solutions offers you a wide spectrum of benefits and peace of mind. Some of the key reasons for you to choose us are listed here -

• Information Security

  We are an ISMS-certified firm. This ensures that all the mortgage post-closing assistance data you share with our team is safe and not divulged to any other party without permission.

• Experienced Team

  Our team comprises some of the most talented and experienced specialists who can cater to all your needs with ease.

• World-class Infrastructure

  We understand the importance of the best infrastructure and have access to the latest software and tools and world-class office spaces.

• Flexible Pricing Packages

  We help our customers with affordable and flexible pricing packages to suit their budget and business requirements perfectly.

• Superior-quality Services

  We are an ISO-certified company. This ensures that all the services and solutions we provide will be of superior quality and error-free.

• Quick Turnaround Time

  We operate through several delivery locations across the globe. This enables us to deliver the best quality mortgage closing and post-closing support services within a quick time.

• Dedicated Manager

  When you choose to partner with us, we will assign a dedicated manager to you. This manager will be the SPOC for all your project needs.

• Scalable Services

  We have the required bandwidth to scale up the service requirements as and when the client asks for it.

• 24/7 Customer Support

  All our teams including the marketing, sales, customer support, and project management are available at all times to answer your queries via email or phone.

Client Success Stories

Automated Underwriting Processes to a US-based Lender

A leading US-based lender was looking for a reliable automated underwriting service provider. Our mortgage team at FWS delivered cost-effective services to the client.

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Indexing Automation Using MSuite

A well-known client was on the lookout for a reliable indexing automation service provider. Our team helped the client to set up MSuite for easy indexing automation.

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Outsource Mortgage Post-closing Support Services to Flatworld Solutions

Flatworld Solutions has been a pioneer in providing the best quality services and a gamut of other mortgage support services to global clients. We have some of the most experienced and skilled experts on board who can cater to all your needs. We leverage the latest and the best tools and software while delivering top-notch services to clients.

If you are looking for an efficient and reliable mortgage post-closing support company, then your search right here. Get in touch with us today!